Event Description

CONCERNED VETERANS OF AMERICA

CALL FOR FREEDOM

Border adjustment is a provision included in the House GOP’s Better Way Tax Plan, released last June. Under the provision, companies that source goods from foreign suppliers would no longer be allowed to deduct those purchases from their tax liability. This would slap a new tax on imported products at the corporate rate, which under the plan would be 20 percent. As the cost of this new tax would be passed on to American consumers in the form of higher prices at gas pumps and the checkout lines; the border adjustment would impose a whopping sales tax hike on families and small businesses of more than $1 trillion over 10 years.

• 20 percent tax on all imported goods, including apparel, electronics, car, oil and many other products.